Rae
The IO has come off , but you need to look at company specifics - why do you quote 58% fines when they produce 59-60% fines and lump which commands higher prices . Moreover their future is producing 66% grade IO. I agree the recent sell off had lopped off about 120 from the KI NPV bit is still has an NPV of over 200m. So MGX remains the best IO exposure whether you think there will be IO weakness or strength . You don’t have to have IO exposure or resource exposure , but if you do, MGX remains the pick of the bunch imo
Rae The IO has come off , but you need to look at company...
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Last
30.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $365.5M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.5¢ | 29.5¢ | $237.0K | 789.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 195619 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 195225 | 4 |
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| Last trade - 16.10pm 25/11/2024 (20 minute delay) ? |
| MGX (ASX) Chart |
